Featured News
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AICPA responds to proposed regulations under SECURE 2.0
In a letter submitted to the IRS and Treasury, the AICPA responded to proposed regulations related to automatic enrollment requirements authorized under SECURE 2.0.
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PCAOB unveils new quality control videos
The PCAOB has released three informative videos detailing its new quality control (QC) standard, QC 1000, which was approved by the SEC last September.
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Ensuring clear communication of financial data across teams
When designing accounting software, communication is a major factor, and it is no less true when it comes to its implementation.
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BOI filing requirements for US companies, persons removed
FinCEN has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act.
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Fed holds interest rates steady
In a closely watched decision Wednesday, the Federal Reserve held the line on benchmark interest rates though it still indicated that reductions are likely later in the year.
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FASB finalizes its taxonomies for 2025
The FASB recently announced that the SEC accepted its taxonomies for 2025.
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Higher threshold for Form 1099-K reporting among AICPA priorities
In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.
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Auditing Standards Board seeks input on forward strategy
The Auditing Standards Board is accepting comments through Friday, June 13, on its proposed 2026-2030 strategic plan.
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IRS: Beware of the 'overstated withholding’ scam
The IRS has issued a warning against a new trend on social media encouraging individuals to falsely inflate their withholdings to increase tax refunds.
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FTC report: Wisconsinites lost $106M to scams in 2024
Wisconsin consumers reported losing more than $106 million to scams in 2024, according a new report from the Federal Trade Commission (FTC).